DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (“PPA”) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe. The PPA is a package deal, grouping three PPAs with OMV Petrom over an 8.5 year period for approximately 100 GWh per year at a fixed rate, including the sale of physical electricity and Guarantees of Origin.

Physical delivery will start in January 2026, with OMV Petrom purchasing 62% of the energy produced by DRI’s Glodeni I and Glodeni II solar plants – these projects have a combined capacity of 113 MWp. Commencing in January 2027, OMV Petrom will purchase 50% of the production from DRI’s Vacaresti 126 MWp solar project, for which construction will start in 2025.

“Securing long term corporate offtake agreements is essential to facilitate renewable energy growth, and it demonstrates that clean energy offers a competitive alternative”, said John Stuart, CEO, DRI. “With this agreement, we help to both accelerate Romania’s energy transition and OMV Petrom strategic goals.”

Energy produced by DRI projects not sold under the OMV Petrom PPA will be sold into the market by DTEK’s subsidiary D.TRADING.

DRI currently has 299 MW in its portfolio in Romania, including the first wind farm built in the country in a decade. The company aims to deliver 1 GW of renewable energy and battery storage projects in Romania by 2030. Across its priority markets, DRI now boasts a 1.3 GW portfolio of operating projects, construction projects and others in various stages of development – in line with its goal to build a 5 GW portfolio by 2030.